Company Profile For Spirax-Sarco Engineering PLC

Spirax-Sarco Engineering plc is a United Kingdom-based engineering company focused on its two businesses of steam system specialities and peristaltic pumping. The business of the Company comprises of Spirax Sarco and Watson-Marlow Bredel. Spirax Sarco provides steam users with knowledge, service and products to improve maintain steam heating and process plants of all types. Watson-Marlow Bredel is engaged in manufacturing of peristaltic tube and hose pumps. Watson-Marlow Bredel pumps have no valves, seals or glands, and the fluid contacts only the bore of an elastomeric hose or tube. On February 11, 2008, the Company completed the acquisition of Flexicon A/S in Denmark. In November 2008, the Company, through its subsidiary Watson-Marlow Limited, acquired PAK Machinery Ltd.

BRIEF: For the six months ended 30 June 2009, Spirax-Sarco Engineering plc's revenues increased 5% to £251.6M. Net income decreased 26% to £20.7M. Revenues reflect increased sales from EMEA, Americas and AsiaPac regions. Net income was offset by higher operating costs, lower operating margin, the presence of headcount reduction costs, higher amortisation of acquired intangibles and an increase in financial expenses.